Corazon Mining Kicks of Next Drill Phase at Mt Gilmore

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has commenced a new phase of drilling at the company’s Mt Gilmore cobalt-copper-gold project in New South Wales.

Corazon Mining indicated the drilling will initially focus on priority targets within and around the Cobalt Ridge deposit and will also target priority features generated by a recently completed 3D Induced Polarisation (IP) geophysical survey.

Corazon also proposes to progressively drill-test new, priority target areas within the wider project area it has generated during its ongoing regional soil sampling program.

The current geochemical soil sampling program (on a 200 metre by 200 metre pattern) of approximately 3,000 samples over a strike of more than 18 kilometres, along the trend hosting Cobalt Ridge is designed to systematically test favourable basement lithologies for cobalt, copper and gold mineralisation along strike from Cobalt Ridge.

“The soil sampling program has been highly successful, and to date has resulted in the discovery of six high-tenor cobalt-copper-gold anomalies, within a contiguous 10 kilometre strike around cobalt Ridge, plus three high tenor anomalies at the Lantana Downs prospect, located a further two kilometres to the north,” Corazon Mining said in its ASX announcement.

“These anomalies provide the discovery potential for multiple Cobalt Ridge ‘lookalike’ deposits, which would significantly expand Mt Gilmore’s cobalt-copper-gold sulphide endowment; they will be further defined via infill sampling on a 50 metre by 50 metre pattern, before being ranked and prioritised for drilling in the current phase of drilling.”

Corazon anticipates the drilling to be completed in this current quarter and will provide details on the progress of drilling in due course with results to be released as they become available.